Benchmark Time definition

Benchmark Time means 11:59 p.m. Eastern Time on the day immediately preceding the Closing Date.
Sample 1Sample 2
Benchmark Time means 11:59 p.m. Eastern Time on the day immediately prior to the Closing Date.
Sample 1
Benchmark Time means (i) with respect to Cash, ACAMS Net Working Capital Overage, Becker/OCL Net Working Capital Overage, ACAMS Net Working Capital Underage and Becker/OCL Net Working Capital Underage, 11:59 p.m. Eastern Time on the day immediately preceding the Closing Date and (ii) with respect to Indebtedness, immediately prior to the Closing. For the avoidance of doubt, actions taken by a Purchaser at or following the Closing on the Closing Date shall not affect the calculation of Indebtedness as of immediately prior to the Closing.
Sample 1

Examples of Benchmark Time in a sentence

  • The aggregate consideration to be paid by Amber Purchaser to Seller and the Selling Subsidiaries for the purchase of the ACAMS Equity shall be an amount in cash equal to (a) $500,000,000 (the “Base ACAMS Price”), plus (b) the ACAMS Net Working Capital Overage (if any), minus (c) the ACAMS Net Working Capital Underage (if any), plus (d) ACAMS Cash as of the Benchmark Time, minus (e) ACAMS Indebtedness as of the Benchmark Time (the amount calculated pursuant to this sentence, the “ACAMS Purchase Price”).

  • Seller shall assume the liability for the amount of accrued but unused vacation time, paid time off and other time-off benefits as such Business Employee had with the Company, Seller or any of its Subsidiaries as of immediately prior to the Closing Date, in each case, only to the extent not accrued and accounted for in the Net Working Capital as of the Benchmark Time.

  • Not less than two (2) Business Days prior to the anticipated Closing Date, Seller shall prepare and deliver to Purchaser a written statement (the “Estimated Closing Statement”) setting forth Seller’s good faith estimate of (a) Cash as of the Benchmark Time, (b) Indebtedness as of the Benchmark Time, (c) Net Working Capital as of the Benchmark Time and (d) resulting calculation of the Purchase Price (such amount, the “Closing Purchase Price”).

  • It is also expected that Council will take due steps to ensure that any investment is executed at the best pricing reasonably possible.InvestmentPerformance Benchmark Time HorizonAt Call Account, short dated bills, deposits issued by financial institutions of appropriate term.

  • If the period of suspension exceeds ninety (90) days, Xxxxxxxxxx Group shall be entitled to an equitable adjustment in compensation for start-up, accounting and management expenses.

  • Notwithstanding anything to the contrary contained herein, the Company and Target Companies are permitted to make distributions of cash to the Sellers solely prior to the Benchmark Time.

  • InvestmentPerformance Benchmark Time HorizonAt Call Account, short dated bills, deposits issued by financial institutions of appropriate term.

  • Benchmark Time Period 4 As specified in the standards for minimum risk-based capital (RBC) requirements for health organizations in Chapter 27-4.7 of the RI general statute.


More Definitions of Benchmark Time

Benchmark Time means (i) with respect to Cash, ACAMS Net Working Capital Overage, Xxxxxx/OCL Net Working Capital Overage, ACAMS Net Working Capital Underage and Xxxxxx/OCL Net Working Capital Underage, 11:59 p.m. Eastern Time on the day immediately preceding the Closing Date and (ii) with respect to Indebtedness, immediately prior to the Closing. For the avoidance of doubt, actions taken by a Purchaser at or following the Closing on the Closing Date shall not affect the calculation of Indebtedness as of immediately prior to the Closing.
Sample 1
Benchmark Time means 11:59 p.m. (local time wherever applied) on the Benchmark Date.
Sample 1
Benchmark Time means 11:59 p.m. (local time wherever applied) on the Benchmark Date. “Bill of Sale” means the bill of sale to be entered into by and between the Company andPurchaser or one of its Affiliates, in form and substance mutually agreed by the Parties.
Sample 1
Benchmark Time means 12:01 a.m. Paris Time on the Closing Date.
Sample 1
Benchmark Time means 9:00 a.m. New York City time on the Closing Date.
Sample 1
Benchmark Time means immediately prior to Closing.
Sample 1

Related to Benchmark Time

  • Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Trust according to Section 2.16 of the Indenture.

  • Scheduled Trading Day means a day that is scheduled to be a Trading Day on the principal U.S. national or regional securities exchange or market on which the Common Stock is listed or admitted for trading. If the Common Stock is not so listed or admitted for trading, “Scheduled Trading Day” means a Business Day.

  • Valuation Time means the close of business in the city of the Valuation Agent on the Local Business Day before the Valuation Date or date of calculation, as applicable, provided that the calculations of Value and Exposure will be made as of approximately the same time on the same date.

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Scan time means the period of time between the beginning and end of x-ray transmission data accumulation for a single scan.

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark: